Business OD For Doctors


  • Any purpose relating to purchases of medical items/ equipment/infrastructure, renovation of hospital /clinic etc.
  • Meeting day to day establishment expenses & other urgent needs related to profession.
  • Takeover of existing credit facilities from other banks/financial institutions provided such accounts are regular and in standard category.

Who Can Borrow

  • Any individual having a Bachelors/Masters Degree in the field of Medical Sciences like MBBS/MS/MD/BDS/MDS from an University recognized by Medical Council of India / Government of India
  • Any Company, Society or Firm engaged in Medical Services, provided at least one of its Directors/Members/Partners possesses above qualification.

Nature Of Facility

  • Overdraft limit

Amount Of Facility

  • Maximum Rs. 50.00 lac
  • Minimum Rs. 5.00 lac
  • 3 times of average gross ITR of last 3 years

Rate Of Interest

  • The rate of interest as decided by the bank from time to time would be applicable


  • Equitable Mortgage of property


  • Two guarantors acceptable to bank

Processing Fees

  • Loan amount + GST

Share Holding

  • 1.5% of loan amount

Documents Required

  • Photograph , PAN and KYC documents of borrower and guarantor
  • Medical degrees and license to practice
  • Balance Sheet of last three years, ITR of last three years, Bank statement of business a/c for last six months.
  • Partnership deed and registration certificate in case of partnership firms, Certificate of incorporation, date of commencement of business and memorandum and article of association in case of companies where applicable
  • Relevant documents related to the property being mortgaged like Title Deed, mutation copy, sanctioned map etc as applicable)
  • Statement of a/c and classification report/ conduct of the a/c from the transferor bank in case of takeover loan

To apply for OD Business for Doctors, please download the below listed form and submit it to your nearest branch